A New Tax System (Family Assistance) Act 1999
Schedules
Schedule 1 - Family Tax Benefit Rate CalculatorNote: See subsection 58(1) .
Subject to clause 31 , an individual ' s standard rate is worked out using the following table. Work out which family situation applies to the individual. The standard rate is the corresponding amount in column 2.
Standard rates
(Part B) |
||
Column 1
Family situation |
Column 2
Standard rate |
|
1 | youngest FTB child is under 5 years of age | $2,569.60 |
2 | youngest FTB child is 5 years of age or over | $1,781.20 |
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